Prior month revised to 2.5% vs 1.3%
The US construction spending for the month of February rose 1.0% vs -0.2% estimate. The prior month was revised to 2.5% from 1.3%. Good numbers all around.
- Private residentail construction rose 0.7% vs 1.8% last month
- Private residential home improvement spending rose 3.6%
- Private nonresidential construction fell -0.5% vs. 1.1% last month
- Public construction rose 3.6% vs 5.7% last month
- Governement construction was 24.7% of total in Feb
- State and local construction rose 3.8% after risiing 5.7% in January
- Fed construction rose 0.9% vs 5.7% last month.
